105k private flats projected

January 27, 2023

The projected private flat supply for the next three to four years is 105,000 units, 10,000 more than the previous estimate.


The Housing Bureau today said there were 16,000 unsold units in completed projects at the end of December 2022.


There were also 66,000 units under construction, excluding those pre-sold by developers, and 23,000 units from disposed sites where construction may start any time.


The number of flats under construction in the fourth quarter was 5,400, while 4,600 units were completed during the period.


The total number of private residential units completed last year was 21,200, up 47% compared with the figure in 2021.

Back to top